JPMorgan plans autocall CDs linked to JPMorgan Efficiente Plus DS 5

By Susanna Moon

Chicago, Nov. 11 – JPMorgan Chase Bank, NA plans to price 0% autocallable certificates of deposit due Nov. 28, 2023 with step-up call value linked to the JPMorgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.

The CDs will be called at par plus an annual call premium of at least 6% if the index closes at or above the call value on any annual review date beginning in 2018.

The call level will be 104.75% of the initial level on the first review date, stepping up by 4.75% each review date to a call value of 128.5% of the initial level on the final review date.

The payout at maturity will be par plus any index gain.

If the index falls, the payout will be par.

J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.

The CDs will price on Nov. 22 and settle on Nov. 30.

The Cusip number is 48126XML6.

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